Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Update

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 1,119 shares, a drop of 37.6% from the June 15th total of 1,794 shares. Based on an average daily trading volume, of 1,806 shares, the short-interest ratio is presently 0.6 days.

Insider Buying and Selling at Eagle Capital Growth Fund

In related news, CFO David C. Sims purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $10.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the chief financial officer directly owned 220,032 shares in the company, valued at $2,200,320. The trade was a 4.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Eagle Capital Growth Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mariner LLC boosted its position in Eagle Capital Growth Fund by 7.8% during the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after acquiring an additional 1,446 shares during the last quarter. Basepoint Wealth LLC acquired a new position in Eagle Capital Growth Fund in the 4th quarter valued at $39,000. Osaic Holdings Inc. lifted its stake in shares of Eagle Capital Growth Fund by 10.9% during the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after purchasing an additional 2,839 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Eagle Capital Growth Fund by 64.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after purchasing an additional 1,559 shares during the last quarter. Finally, Sigma Investment Counselors Inc. increased its stake in Eagle Capital Growth Fund by 31.0% in the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after purchasing an additional 5,136 shares during the last quarter.

Eagle Capital Growth Fund Price Performance

Shares of GRF stock opened at $10.23 on Friday. The firm has a 50-day moving average price of $10.07 and a 200 day moving average price of $10.39. Eagle Capital Growth Fund has a twelve month low of $9.60 and a twelve month high of $11.85.

About Eagle Capital Growth Fund

Eagle Capital Growth Fund Inc (NYSE American: GRF) is a diversified, closed-end management investment company that seeks long-term capital growth by investing primarily in equity securities of U.S. and foreign issuers. Launched in December 2012, the fund follows a value-oriented investment approach, targeting companies with durable competitive advantages, solid cash flows and attractive valuation metrics.

Advised by Eagle Capital Management LLC, a Boston-based investment firm specializing in fundamental, bottom-up research, the fund’s portfolio includes publicly traded common stocks and, when appropriate, convertible securities.